Macy's lifts full-year outlook

3rd Dec 2025 13:40

(Sharecast News) - US department store chain Macy's lifted its full-year outlook on Wednesday as it posted better-than-expected third-quarter sales and earnings.

Macy's posted Q3 sales of $4.7bn, down 0.6% but above consensus expectations of $4.6bn. Meanwhile, adjusted earnings per share came in at $0.04, down from $0.10 but beating expectations for a loss of $0.14.

Macy's said reported comparable sales were up 2.5%, surpassing the company's guidance range and benefiting from a better-than-expected performance across nameplates.

For 2025, it now expects sales of between $21.48bn and $21.63bn, up from previous guidance of $21.15bn to $21.45bn. Adjusted diluted earnings per share are expected to be between $2.00 and $2.20, up from $1.70 to $2.05.

Chairman and chief executive Tony Spring said: "Our third quarter sales were the strongest in 13 quarters, reflecting the acceleration of our Bold New Chapter strategy and demonstrating that the meaningful enterprise-wide changes we've made are resonating with customers.

"As we enter the holiday season, we are well-positioned with compelling new merchandise and an omni-channel customer experience that delivers both inspiration and value. With a strategy rooted in hospitality, our teams are focused on driving long-term, profitable growth."

Macy's said its full-year guidance continues to assume the consumer is "more choiceful" in the fourth quarter of 2025. "It also assumes that current tariffs remain in place and provides flexibility to respond to changes in consumer demand and the competitive landscape," it said.

At 1340 GMT, the shares were down 6.5% in pre-market trade at $21.23.